Report: Facebook IPO to land May 172012-04-19 11:05 by DanielaTags: Facebook, IPO
According to TechCrunch, Facebook's initial public offering (IPO) will hit the NASDAQ on May 17. Facebook's IPO will reportedly be valued at around $100 billion. To put that in comparison, Google raised $1.7 billion for its IPO back in 2004. It's been speculated that the social network's shares could be priced at anywhere from $30 to $40. The ticker symbol Facebook will trade under the symbol "FB." Facebook filed papers with the Securities and Exchange Commission in February to go public. According to filings, the social network - home to 845 million users - raked in $3.7 billion in revenue and $1 billion in profits. The excitement over Facebook's IPO has maintained momentum, thanks to the social network's recent purchase of the mobile photo-sharing app Instagram for $1 billion.
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idavid4attdsl - 2012-04-19 19:42
I hope zuckerberg likes giving up control of his site. With the IPO he would do just that and have to cater to investors that might not see his "vision" and might decide that he needs to go.Investors these days only care for short term profits and dividends.
Facebook isn't a google
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